Other Significant Taxes

Value Added Tax

The Isle of Man forms a common customs area with the United Kingdom. Accordingly, for almost all practical purposes, the Value Added Tax regime in the Isle of Man is the same as that in the United Kingdom, although it is administered by the Customs and Excise Division of the Isle of Man Treasury, and not by any United Kingdom agency or authority.

The VAT numbers issued are ‘GB’ numbers.

Other Taxes

There is no capital gains tax, inheritance tax, death duty, wealth tax or stamp duty. Rates are payable on commercial industrial and domestic property according to their value.